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MICA Regulation: The EU Parliament’s Position on ‘Proof-of-Work’ Mechanism


The latest negotiations on the EU’s crypto-assets Markets in Crypto-Assets Regulation (MiCAR) have seen the European Parliament Committee on Economic and Monetary affairs (ECON Committee) refusing to order a ban on crypto-assets using the common, but highly energy-consuming, Proof of Work consensus mechanism (PoW).

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